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Currency Trading
FX currency markets where international currencies are traded through the use of swaps, futures, spots, options and forward transactions
1,215 Questions
What is difference between Chinese Yuan and Renminbi?
Yes they are the same, although to be strictly correct, Yuan is one of the subset of Renminbi (Ren Min Bi meaning People's Money) like US Cents are part of the US Dollar.
Generally, however, the terms are used interchangably.
Forex (or FX) is short for Foreign Exchange. It represents a transaction where a currency is exchanged for another at a mutually agreed rate.
To buy big chunk of share is not haram(Empty share not included). See who got the most portion, the father,the wife, the son. They have the power and influence. To do fx is no different when taking up blue chips.
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How many Euros can you get with 25 US Dollars with the Euro rate being 1.58 to the US Dollar?
USD25 / 1.58 = EUR 15.83
Can a company as claimed by Quantumfundsonline give return to 30 percent interest on investment?
It looks suspicious to me.
Foreign Exchange (FX) rate
How much is 500 livres worth in Indian Repees?
If you are refering to the Lebanese Pound (or Lira or Livre), then 500 Livres is worth 15.41 Indian Rupee as at 16Oct09
How many Indian Rupees do you get for 1 US Dollar?
As at 11Oct09 1 US Dollar was worth 46.44 Indian Rupees.
At currect 1 US Dollar equals 60.26 Indian Rupee.
How does the exchange rate affect a company that does not import and sell good only in the US?
Overall when exchange rates go up (dollar is weaker) the the dollar buys less, so even though a business may not import directly itself, the strength of the dollar is less and cost of goods will rise. So costs increase, profits decrease...all else remaining the same of course.
Standard Bank uses SWIFT codes.
The following codes are used by them:
Branch NameSwift Code(AFRICA CUSTODY NETWORK)SBZAZAJJAFR(CONTINUOUS LINK SETTLEMENT)SBZAZAJJCLS(HEAD OFFICE AND ALL SOUTH AFRICAN OFFICES)SBZAZAJJXXX(INTERNATIONAL BANKING SYSTEM USERS)SBZAZAJJICM(SECURITIES LENDING)SBZAZAJJFSL
Are there diminishing returns to risk taking?
No. Fundemantaly returns increase with risk, they do not diminish.
What is exchange rate between the US dollar and Pound Sterling?
the brits will have to pay 50p to get $1
1 British Pound Sterling equals 1.56 US Dollar. 60 pounds therefore is $93.89
Can you get practice questions of NISM exam?
If a client buys shares worth Rs. 2,55,000 and sells shares worth Rs. 3,45,000 through a broker, then the maximum brokerage payable to the broker is _____20000________. [ 2 Marks ]
(a) Rs. 20000
(b) Rs. 15000
(c) Rs. 25000
(d) Rs. 10000
